A Shropshire-based cheese maker is celebrating after securing £1 million in debt funding.
Nantwich Cheese Company is benefiting from the regional Midlands Engine Investment Fund II to meet growing demand for its products.
If you are looking at investment planning in Oswestry, Nantwich Cheese Company is headquartered in nearby Whitchurch, and currently caters to the hospitality industries, food manufacturers, schools and hospitals, as well as supplying supermarket chain Aldi’s ‘own label’ waxed cheeses.
Originally founded as a family business in 2009, turnover has climbed steadily – up from £5 million in 2019 to £12 million in 2023 – with a target scheduled to reach £17 million in 2024. The company currently has 31 employees, including eight recent recruits, and anticipates filling five more positions over the next 12 months.
The company’s CEO Luke Morgan said that their success derived partly from offering customers a one-stop shop for all things cheese, but also in their ability to provide products at competitive prices. He added that 2024 was already expected to be a strong year for the cheese manufacturer, and that the funding will help grow the order book and expansion of the team.
The £1 million cash injection was handled by fund manager Frontier Development Capital. A spokesperson for the company said the UK has a strong reputation for cheese, and that they were pleased to be supporting the Nantwich team, who were taking the company from ‘strength to strength’.
Overall, Britain produces approximately 700 cheeses, and Shropshire is home to many cheese businesses making first-class products, including cheddar, Lancashire, Cheshire, double Gloucester, red fox and Caerphilly.
